Adirondack Trust Co. Boosts Stake in iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW)

Adirondack Trust Co. raised its holdings in shares of iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) by 80.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 100,915 shares of the company’s stock after purchasing an additional 44,973 shares during the quarter. iShares iBonds Dec 2031 Term Corporate ETF accounts for about 0.8% of Adirondack Trust Co.’s portfolio, making the stock its 29th largest position. Adirondack Trust Co.’s holdings in iShares iBonds Dec 2031 Term Corporate ETF were worth $2,053,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. First United Bank & Trust bought a new stake in iShares iBonds Dec 2031 Term Corporate ETF during the 4th quarter valued at about $47,000. Farther Finance Advisors LLC bought a new stake in shares of iShares iBonds Dec 2031 Term Corporate ETF during the third quarter valued at approximately $92,000. Princeton Global Asset Management LLC boosted its holdings in shares of iShares iBonds Dec 2031 Term Corporate ETF by 112.4% in the third quarter. Princeton Global Asset Management LLC now owns 6,562 shares of the company’s stock valued at $139,000 after purchasing an additional 3,473 shares during the period. Roble Belko & Company Inc increased its holdings in iShares iBonds Dec 2031 Term Corporate ETF by 32.5% during the 4th quarter. Roble Belko & Company Inc now owns 19,865 shares of the company’s stock worth $404,000 after purchasing an additional 4,870 shares during the period. Finally, Integrated Wealth Concepts LLC raised its position in iShares iBonds Dec 2031 Term Corporate ETF by 9.2% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 26,762 shares of the company’s stock valued at $568,000 after purchasing an additional 2,252 shares in the last quarter.

iShares iBonds Dec 2031 Term Corporate ETF Price Performance

IBDW opened at $20.37 on Thursday. iShares iBonds Dec 2031 Term Corporate ETF has a 12-month low of $19.78 and a 12-month high of $21.39. The business’s fifty day simple moving average is $20.48 and its 200-day simple moving average is $20.72.

About iShares iBonds Dec 2031 Term Corporate ETF

The iShares iBonds Dec 2031 Term Corporate ETF (IBDW) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg index composed of USD-denominated, investment-grade corporate bonds maturing between January 1, 2031 and December 15, 2031. IBDW was launched on Jun 22, 2021 and is managed by BlackRock.